The following data are taken from the financial statements of Crane Company. 2017 2016 Accounts receivable (net), end of year $ 571,600 $ 615.000 Net sales on account 4,565.000 4,057,000 Terms for all sales are 1/10, n/45 The following data were taken from the income statements of Sheridan Company. 2017 2016 Sales revenue $6.395,000 $ 6.236,000 Beginning inventory 954.600 851,400 Purchases 4.826.000 4.602.000 Ending inventory 1.182.000 954.600 The following data are taken from the financial statements of Crane Company. 2017 2016 Accounts receivable (net), end of year $ 571,600 $ 615.000 Net sales on account 4,565.000 4,057,000 Terms for all sales are 1/10, n/45 The following data were taken from the income statements of Sheridan Company. 2017 2016 Sales revenue $6.395,000 $ 6.236,000 Beginning inventory 954.600 851,400 Purchases 4.826.000 4.602.000 Ending inventory 1.182.000 954.600